Prohibition on opening of fresh demat accounts by M/s. Khandwala Integrated Financial Services Pvt. Ltd., lifted
Dr. T.C.Nair, Whole Time Member, SEBI has vide his post hearing order on January 22, 2007 in the matter of Initial Public Offering (IPO) Investigations directed that, pending enquiry, the prohibition on opening fresh demat accounts by M/s. Khandwala Integrated Financial Services Pvt. Ltd., a Depository Participant need not continue. The order further states that all issues and contentions are left open to be considered by the Enquiry Officer and to be decided in subsequent proceedings pursuant to his report.
The full text of the above order is available on the website: www.sebi.gov.in
Mumbai
January 23, 2007